Orkla Asa (OTCMKTS:ORKLY) Sees Unusually-High Trading Volume – Here’s Why

Orkla Asa (OTCMKTS:ORKLY) shares saw an uptick in trading volume on Tuesday . 99,090 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 50,978 shares.The stock last traded at $12.01 and had previously closed at $11.97.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut Orkla Asa from a “strong-buy” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Orkla Asa Trading Down 0.7%

The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 10.74 and a beta of 0.39. The company has a fifty day moving average price of $12.52 and a two-hundred day moving average price of $11.80. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.29.

Orkla Asa (OTCMKTS:ORKLY) last issued its earnings results on Thursday, February 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Orkla Asa had a return on equity of 13.73% and a net margin of 16.06%.

Orkla Asa Company Profile

Orkla ASA (OTCMKTS: ORKLY) is a leading Norwegian industrial group with a strong focus on branded consumer goods, aluminium solutions and strategic investments. Founded in 1654 as a regional copper mine in Orkdal, Trøndelag, the company has evolved over centuries into a diversified conglomerate headquartered in Oslo. Orkla’s portfolio spans fast-moving consumer goods, including food, snacks, confectionery and personal care products, alongside advanced aluminium solutions and financial investments in select industries.

Within its branded consumer goods division, Orkla operates several business areas: Orkla Foods, Orkla Confectionery & Snacks, Orkla Care and Orkla Food Ingredients.